Welcome to our dedicated page for Sunstone Hotel Inv SEC filings (Ticker: SHO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sunstone Hotel Investors, Inc. filings document regulatory disclosures for a lodging REIT with NYSE-listed common stock and Series H and Series I cumulative redeemable preferred stock. Its 8-K reports furnish quarterly and annual operating results, supplemental financial information and material-event disclosures tied to hotel portfolio performance, non-GAAP measures and capital allocation.
Sunstone's filings also cover capital-structure and financing matters, including credit agreement disclosures and registered securities information. Proxy materials address annual meeting matters, director elections, board composition, executive compensation and governance practices, while other 8-K disclosures record board appointments and executive-management changes.
Sunstone Hotel Investors posted significantly stronger Q1 2026 results. Total revenues rose to $259.7 million from $234.1 million, driven by higher room, food and beverage, and other operating revenue. Comparable portfolio RevPAR increased 5.7%, supported by a 4.7% ADR gain and slightly higher occupancy.
Profitability improved sharply. Net income increased to $18.6 million from $5.3 million, and net income attributable to common stockholders rose to $16.0 million, or $0.08 per diluted share, up from $0.01. Hotel Adjusted EBITDAre grew to $71.8 million from $60.8 million, while Adjusted FFO attributable to common stockholders increased to $50.1 million from $41.5 million.
The balance sheet remains liquid and active. The company ended the quarter with $91.1 million of unrestricted cash and $166.7 million including restricted cash, plus full $500.0 million availability on its revolving credit facility at March 31, 2026. Debt totaled $955.0 million, 60.7% of which carries fixed or swapped rates, and cash from operating activities was $45.4 million.
Capital allocation was aggressive. Sunstone invested $31.0 million in renovations and additions and repurchased 3.18 million common shares and 365,095 preferred shares for a combined $36.5 million, leaving $471.1 million under its $500.0 million repurchase program. The company also faces storm-related damage at Wailea Beach Resort in Hawaii, with losses still being assessed but with property and business interruption insurance in place.
Sunstone Hotel Investors reported a strong first quarter of 2026, raised full‑year guidance, expanded buybacks, and announced the planned departure of its General Counsel. Net income rose to $18.6M from $5.3M, with net income attributable to common stockholders up to $16.0M and diluted EPS of $0.08, a 743.2% increase versus the prior year quarter.
Portfolio performance improved meaningfully: total RevPAR reached $255.04, up 14.6%, while Adjusted EBITDAre grew 18.3% to $67.7M. Adjusted FFO attributable to common stockholders increased to $50.1M, or $0.27 per diluted share, up 28.6%. As of March 31, 2026, the company held $166.7M in cash and cash equivalents (including restricted cash) against total debt of $955.0M and total assets of $3.0B.
Management raised 2026 guidance, now expecting net income of $34M–$48M and Adjusted EBITDAre of $238M–$252M, with RevPAR growth of 5.0%–7.5%. Since the start of 2026, Sunstone has repurchased $49.2M of common and preferred stock and still has $458.3M remaining under its authorization. The board declared a quarterly common dividend of $0.09 per share and the authorized preferred dividends, payable on July 15, 2026.
Separately, in connection with an executive team restructuring, the company will eliminate the General Counsel role. David Klein will leave his position as General Counsel and Secretary effective May 31, 2026 under a separation agreement that includes a cash payment of $1.5M less the value of 73,920 accelerated equity awards and up to 18 months of COBRA coverage. At the annual meeting, all director nominees were elected and stockholders approved the say‑on‑pay proposal and ratified the auditor.
Sunstone Hotel Investors Inc beneficial ownership filing by Vanguard Capital Management reports 10,115,850 shares of Common Stock, representing 5.34% of the class as of 03/31/2026. The filing shows Vanguard has 1,555,018 shares with sole voting power and 10,115,850 shares with sole dispositive power. The disclosure states these holdings include securities held for Vanguard funds and certain affiliates.
Sunstone Hotel Investors Inc received an amendment to a Schedule 13G filing by The Vanguard Group reporting zero shares beneficially owned of Common Stock, representing 0% of the class. The filing notes an internal realignment effective January 12, 2026 and cites "SEC Release No. 34-39538 (January 12, 1998)" as the basis for disaggregated reporting by Vanguard subsidiaries. The amendment is signed by Ashley Grim on 03/26/2026.
Sunstone Hotel Investors, Inc. has issued its 2026 proxy for the annual meeting on May 1, 2026 at the Hyatt Regency San Francisco. Stockholders of record on March 4, 2026, representing 189,140,775 common shares, may vote.
Stockholders are asked to elect nine directors, ratify Ernst & Young LLP as independent auditor for 2026, and approve an advisory say‑on‑pay resolution. The proxy highlights strong governance practices, board independence, stock ownership and clawback policies, and a pay‑for‑performance executive compensation design.
The company also reviews 2025 actions, including capital recycling, portfolio investment projects such as the Andaz Miami Beach renovation, and returning capital through higher dividends and share repurchases, while emphasizing its corporate responsibility and environmental, social, and governance initiatives.
Sunstone Hotel Investors, Inc. chief executive officer Bryan Albert Giglia reported a routine tax-related share disposition. On the transaction date, 3,382 shares of common stock were withheld at a reference price of $9.38 per share to cover tax obligations associated with equity compensation. After this non‑market transaction, he directly holds 786,416 shares of Sunstone common stock, so his overall ownership remains substantial.
Sunstone Hotel Investors, Inc. President and CIO Robert C. Springer reported a tax-related share disposition under a Form 4. On March 7, 2026, 3,382 shares of common stock were disposed of as a tax-withholding transaction, not an open-market sale, at an effective reference price of $9.38 per share tied to the March 6, 2026 New York Stock Exchange closing price. After this routine withholding event, Springer directly holds 663,374 shares of Sunstone common stock.
Sunstone Hotel Investors, Inc. filed a Form S-3 shelf registration to permit the offer and sale, from time to time after the effective date, of common stock, preferred stock and depositary shares, and to permit sales by selling securityholders as described in prospectus supplements.
As context, the company states there were 189,519,492 shares of common stock issued and outstanding as of February 26, 2026. The prospectus also discloses outstanding preferred share counts: 4,455,444 shares of Series H preferred and 3,990,967 shares of Series I preferred. The prospectus permits offerings to or through underwriters, dealers, agents or directly to purchasers and says specific terms and any selling stockholders will be set forth in supplements.
Sunstone Hotel Investors is a lodging-focused REIT owning 14 upper upscale and luxury hotels with 6,999 rooms across seven states and Washington, DC. Properties are concentrated in California, Florida, Hawaii and Washington, DC and are managed by third parties under long-term agreements.
The company pursues an active lifecycle strategy, buying, repositioning and selling hotels to recycle capital while maintaining moderate leverage. It operates through a taxable REIT subsidiary structure and highlights REIT-specific tax rules, including a higher 25% TRS asset limit beginning after 2025 under the One Big Beautiful Bill Act.
Key risks include intense hotel and alternative lodging competition, seasonality, exposure to economic cycles, inflation, climate and natural disasters, cyber threats, insurance availability, regulation, and geographic concentration. Sunstone emphasizes corporate responsibility, environmental initiatives, and human capital, noting 37 employees, with about 51% female and 41% from underrepresented groups.
Sunstone Hotel Investors reported higher fourth-quarter 2025 results and modest full-year growth while returning significant capital to shareholders. Q4 net income was $7.2 million versus $0.8 million a year earlier, and revenue rose to $236.9 million. Total portfolio RevPAR increased 9.6% to $220.12, with occupancy improving to 69.0% and hotel Adjusted EBITDAre margin expanding to 24.6%.
For 2025, net income was $24.6 million, down from $43.3 million, but Adjusted EBITDAre edged up to $236.6 million and Adjusted FFO per diluted share grew to $0.86. The company returned over $170 million to common stockholders via dividends and buybacks, including $103.6 million of share repurchases, and ended the year with $185.7 million of cash and $930.0 million of debt.
Management highlighted the opening of Andaz Miami Beach, the $47.0 million sale of Hilton New Orleans St. Charles, and a new $1.35 billion amended credit facility that pushes debt maturities out to 2028 and beyond. For 2026, Sunstone guides to net income of $21–$46 million, RevPAR growth of 4.0%–7.0%, Adjusted EBITDAre of $225–$250 million, and Adjusted FFO per share of $0.81–$0.94. The board declared a $0.09 quarterly common dividend and reauthorized a stock repurchase program of up to $500 million, with nearly that full amount currently available.